Walmart will pay $10 million to settle Federal Trade Commission charges that it turned a blind eye to scammers who used its in-store money transfer services to take hundreds of millions of dollars from U.S. consumers. The settlement, which requires the approval of U.S. District Judge Manish Shah, was filed... Read more →

Photo: Jmswllms0 The big banks are at it again. Capital One marketed its “360 Savings” accounts as “high interest” accounts with “one of the nation’s best savings rates” that would earn its customers more than an average savings account, New York Attorney General Letitia James alleged in a lawsuit filed... Read more →

This is worrisome news. Emerging generative AI technologies are fueling a dramatic rise in online scams and fraud, with devastating financial consequences for U.S. consumers, especially seniors, a new report from the Consumer Federation of America, or CFA, shows. “Tech companies are failing to appropriately moderate and mitigate the way... Read more →

Be careful if you’re considering getting into the vending machine business. Water Station Management and its representatives are being charged with securities violations for how they operated a company offering and selling water vending machines that were serviced and managed by them for a fee. Nationwide, at least 171 investors... Read more →

Although cutting environmental regulations under Trump 2 was expected, it’s difficult to see it occurring related to one of the most dangerous threats to the country’s drinking water. In a reversal of one of the most important public health victories in a generation, the Trump administration’s Environmental Protection Agency is... Read more →

On Saturday, I was surprised to receive a $2 check from the Gudgel v. Reynolds class action lawsuit. The plaintiffs alleged that Reynolds’ use of the claim “recycling” on the packaging misrepresented that its recycling trash bags under the Hefty and Great Value brands were recyclable. They said the company’s... Read more →

I’ve never seen anything like it in all my years of consumer reporting. The corruption, retibution, ignorance, destruction of the work of federal agencies, and hate of the first 100 days of Trump’s second administration are shocking and astounding. Public Citizen, a consumer advocacy organization, agrees with me. Of the... Read more →

The Trump administration announced plans on Thursday to lay off nearly 1,500 of the 1,700 employees left at the Consumer Financial Protection Bureau or CFPB. The action would significantly scale back the CPSC’s work, including abandoning supervision exams, enforcement, penalizing lawbreaking conduct, and “deprioritizing” many critical consumer protection issues such... Read more →

People love my weekly money tips newsletter. It offers the latest information you need to get the most from your hard-earned dollars. Click on the newsletter tab above to sign up. It’s just what you need for these tough economic times. Rita R. Robison Newsletter This is the 300th issue... Read more →

It’s Tax Day. Hopefully, you’ve been able to file your income tax returns and or file an extension. I filed my taxes on April 13, one day earlier than last year. I always tell myself that I won’t be pushing the deadline, but I seem to complete my taxes at... Read more →